Bessemer devotes $350M of latest $1B fund to India
Bessemer Venture Partners has earmarking $350 million of a new $1 billion fund to invest in Indian companies, according to the WSJ (subscription required; no link).
Bessemer has made 12 investments in Indian companies from its current investing fund, raised in 2004. They include a hotel chain, a financial-services firm and a company that makes components for air conditioners, says Rob Chandra, the Bessemer managing partner heading up the firm’s Indian efforts.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.












